Ovex, a Cape Town, South Africa-based market-focused cryptocurrency exchange platform specializing in over-the-counter (OTC) trading, raised $4m in funding
Quantitative cryptocurrency trading firm Alameda Research, developer of FTX, a crypto derivatives exchange, is leading the $18m Series A fundraising round
The company intends to use the funds to expand into Dubai, Nairobi, Quebec, and London, as well as Lagos when the Nigerian central bank loosens its cryptocurrency ban
Ovex is a cryptocurrency exchange platform, specializing in OTC trading and arbitrage, offering South Africa’s largest selection of digital asset markets
With $300m (USD) in monthly trading volume, the company delivers prime brokerage services to institutions and high net-worth individuals globally amid rising demand for crypto access
The platform, which offers 26 cryptocurrencies and ZAR deposits, will soon offer a multitude of Fiat options
